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the reason for that is really clear: a lot of it has to do with the fiscal cliff. > the fiscal cliff. you asked some questions about that. what were the findings there? > > we really asked about how much is the fiscal cliff impacting you in terms of whether you are going to hire or not. what we found is that 60% of folks said they are going to hold off on bonuses for wait and see what happens with the fiscal cliff before they make some decisions around that. we saw almost 40% of small businesses saying, "if we even thought about hiring, we are going to wait until we get some kind of resolution around the fiscal cliff. and most concerning to me, 60%+ of small businesses don't believe the government can figure out how to solve this fiscal cliff. > c'mon congress and president. all right, michael alter. i'm going to see you in a month. let's see if some things are improving. i appreciate it. > > i can only hope. thanks for having me. just ahead, are banking stocks ready to short circuit? a couple of traders charge in with their views after the break. >-.y÷$@y+o3vhpe the time has come fo
the reason for that is really clear: a lot of it has to do with the fiscal cliff. > the fiscal cliff. you asked some questions about that. what were the findings there? > > we really asked about how much is the fiscal cliff impacting you in terms of whether you are going to hire or not. what we found is that 60% of folks said they are going to hold off on bonuses for wait and see what happens with the fiscal cliff before they make some decisions around that. we saw almost 40% of small...
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falls off the fiscal cliff. if the cliff is averted... >> then i think you will see silver, platinum, palladium-- the so-called white metals-- outperform gold, because they will tend to outperform in a risk-on environment in a cyclical upturn. >> reporter: now, the other scenario: >> in an environment where we go off the fiscal cliff and we see continued problems on the debt side for the u.s., i think the gold price outperforms the white metals. >> reporter: gold's price will also depend on whether central banks continue to diversify their holdings into gold, and whether they implement more quantitative easing to boost growth. the outlook for platinum is a little more complicated. there have been major supply disruptions due to labor unrest in south africa, which produces nearly all of the world's platinum. it also depends on demand. >> europe is a key part of the platinum demand picture. if europe can recover, certainly that's going to bode well for platinum demand. if the price trades higher, it may affect som
falls off the fiscal cliff. if the cliff is averted... >> then i think you will see silver, platinum, palladium-- the so-called white metals-- outperform gold, because they will tend to outperform in a risk-on environment in a cyclical upturn. >> reporter: now, the other scenario: >> in an environment where we go off the fiscal cliff and we see continued problems on the debt side for the u.s., i think the gold price outperforms the white metals. >> reporter: gold's price...
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the fiscal cliff, no game. the a-team tells us whether the president will listen or whether president will listen or whether he will get ready to anand we can save you 10% on ground shipping over the ups store. look this isn' my first christmas. these deals all seem great atthe time... but later, not so much. this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? lou: you can a environmentalists to the growing list of susan rice as potenal nomination to t secretary of state. that is what she needed, little bit more o
the fiscal cliff, no game. the a-team tells us whether the president will listen or whether president will listen or whether he will get ready to anand we can save you 10% on ground shipping over the ups store. look this isn' my first christmas. these deals all seem great atthe time... but later, not so much. this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. olaf gets great rewards for his small business! pizza! [ garth ]...
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way they stave off the fiscal cliff. spending cuts at the end of the fiscal year. it has really shocked republicans this year on capitol hill. they say it calls for, for one thing, $1.6 trillion in new tax hikes over a decade. it is also stimulus spending and the spending cuts. both sides are necessary to reduce the deficit. those the president would largely tackle later perhaps next year. >> first despite the claims that the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. no substantive progress has been made in the talks between the white house and the house over the last two weeks. listen, this is not a game. jobs are on the line. the american economy is on the line and this is a moment for adult leadership. >> perhaps most su prirprising the white house proposal to get the president just about unlimited power to raise the nation's debt sealiceiling and w more and more money unless they reject. these will be tough negotiations ahead. we got a little sample of thi
way they stave off the fiscal cliff. spending cuts at the end of the fiscal year. it has really shocked republicans this year on capitol hill. they say it calls for, for one thing, $1.6 trillion in new tax hikes over a decade. it is also stimulus spending and the spending cuts. both sides are necessary to reduce the deficit. those the president would largely tackle later perhaps next year. >> first despite the claims that the president supports a balanced approach, the democrats have yet...
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fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want to negotiate those next year. can't do it in three weeks. incidentally, speaker boehner what medicare cuts are you for, he will say? if the republican position, the republicans campaigned against $716 million in medicare cuts from the current program. republicans for medicare reform. not for squeezing the current program. they will say i want to give the middle class, make sure the middle class tax rate stay where they are. i don't want the republicans to squeeze medicare more than we did, have done in the past. i'm worried. that the president has an awful lot of leverage. >> bret: but you have the democrats, juan, like mike pryor of arkansas who told politico this -- "as you know people around here like the
fiscal cliff is not cutting spending. it's about preventing a tax increase that preventing spending cuts. now the republican arguement is more complicated. to use the deadline, legitimate argument. i agree with it in principle. use the deadline to get the longer range spending cuts. the president can say fine, i want to negotiate those next year. can't do it in three weeks. incidentally, speaker boehner what medicare cuts are you for, he will say? if the republican position, the republicans...
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the fiscal cliff, no game. the a-team tells us whether the president will listen or whether he will get ready to die lou: you can add environmentalists to the growing list of susan rice as potential nomination to the secretary of state. that is what she needed, little bit more opposition. she holds about a half million dollars in shares. the company seeking state department approval of a keystone xl pipeline. a third of her personal wealth coming out as high as 44 million is invested in canadian energy interests. she was born in canada and we don't know if there was a relationship. there is a reason critics report to the ex-im bank in the 2012 the school year, another 15 billion in taxpayer loan guarantees issued with the subsidized sales of a single company. boeing benefiting over that period. the ceo, he enjoys a very solid relationship with the administration. in fact, he chairs the export council. and a special nod tonight to a new york city police officer. being praised for an act of kindness caught on cam
the fiscal cliff, no game. the a-team tells us whether the president will listen or whether he will get ready to die lou: you can add environmentalists to the growing list of susan rice as potential nomination to the secretary of state. that is what she needed, little bit more opposition. she holds about a half million dollars in shares. the company seeking state department approval of a keystone xl pipeline. a third of her personal wealth coming out as high as 44 million is invested in...
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it seems like the fiscal cliff situation will never end. monica crowley want to tell us what will happen here in washington. >> nobody really knows what the next move will be. both sides are pretty firm in their position. for anyone who thought that barack obama may move to the middle in his second term or be willing to compromise, we now know that is not true. connell: that is out of the window, and your view. >> yes. connell: the democrats will argue, this is nonsense. >> this is who the president is. this is what he believes. my book is complete with every single time the president has proposed a type of policy. it has evolved the same exact elements we heard from geithner yesterday. higher taxes and more spending. no entitlement reform. connell: not as much of what you think should happen, i am more interested in what will happen. the ball is now in john boehner's court. what do you think is going to happen? >> over the last four years, the republicans have tried to negotiate in good faith. even two years ago, when the first debt ceilin
it seems like the fiscal cliff situation will never end. monica crowley want to tell us what will happen here in washington. >> nobody really knows what the next move will be. both sides are pretty firm in their position. for anyone who thought that barack obama may move to the middle in his second term or be willing to compromise, we now know that is not true. connell: that is out of the window, and your view. >> yes. connell: the democrats will argue, this is nonsense. >>...
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. >> and the speaker tweeted, "how serious is the white house about avoiding the fiscal cliff?" reports suggest, in some cases, not so serious. and also, joanne, what is the strategy here, and is there a risk like looking like you're not really negotiating? >> well, you know, i think what's interesting is that there's the posture that everyone is taking in public, but then what you're hearing behind the scenes is that everyone's sort of understands what the contours of the deal are going to look like. and what i see is john boehner trying to sort of protect his caucus at this point because he probably understands that at the end of the day, that top rate is going to go up. and republicans are in a really awkward position because right now essentially they're just defending the tax cut for the top 2%. at the same time, the white house's public posture is to say well, no, we don't want to go over the fiscal cliff because you don't want to send that message to the markets. but then behind the scenes you sort of get the feeling they'd be willing to do it and they'd be okay at least
. >> and the speaker tweeted, "how serious is the white house about avoiding the fiscal cliff?" reports suggest, in some cases, not so serious. and also, joanne, what is the strategy here, and is there a risk like looking like you're not really negotiating? >> well, you know, i think what's interesting is that there's the posture that everyone is taking in public, but then what you're hearing behind the scenes is that everyone's sort of understands what the contours of the...
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. >>> breaking news on the fiscal cliff. the gop saying they will agree to more tax revenue if something else happens. we'll tell what you that is. >>> where is john mcafee? the millionaire is still on the run in central america. le call in to the show this hour with how he has been surviving. it is an interview you will not want to miss. >>> plus, are you overtaxed? maybe. but not by uncle sam. we'll tell you why. >>> and why it may be the end of the road for detroit. one state senator's plan to dissolve the city. he is your guest. happy friday, everybody. mandy will be back on monday. i'm brian sullivan. thank you very much for joining us. >>> stocks relatively in a holding pattern again all ahead of the fiscal cliff. we're not seeing big moves. people unwilling to take bets. we're going to get to bob pisani in just a minute. >>> but first we need to get to eamon javers with some breaking headlines from mitch mcconnell on the fiscal cliff. eamon? >> brian, we're getting a trial balloon here just within the past couple of m
. >>> breaking news on the fiscal cliff. the gop saying they will agree to more tax revenue if something else happens. we'll tell what you that is. >>> where is john mcafee? the millionaire is still on the run in central america. le call in to the show this hour with how he has been surviving. it is an interview you will not want to miss. >>> plus, are you overtaxed? maybe. but not by uncle sam. we'll tell you why. >>> and why it may be the end of the road...
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we're on the verge of another manmade disaster is this fiscal cliff. i want you to take a listen of a sound bite you from two of the biggest perpetrators of the disaster. >> we'll continue to take this as a serious matter. this is not a game. we're not in interested in playing rope a dope. >> it was not a serious proposal. right now we're almost nowhere. >> jennifer: of course, they're respond together president having put out a plan to solve the fiscal cliff. do you think these two have a have a road map to avert the fiscal cliff? >> i think these two are the jackknifeed big rigs that are clogging all the--i don't think we're going to get there. i think we're going to go over the fiscal cliff. >> jennifer: you know, i put money on them solving the crisis. it's just a question of whether it's before or after the cliff. the cliff will precipitate resolution. >> but then there are people who say it's not a cliff, but a slight rise, a slope. >> jennifer: exactly. do you think the democrats have learned any lessons about negotiating? >> we would hope so, a
we're on the verge of another manmade disaster is this fiscal cliff. i want you to take a listen of a sound bite you from two of the biggest perpetrators of the disaster. >> we'll continue to take this as a serious matter. this is not a game. we're not in interested in playing rope a dope. >> it was not a serious proposal. right now we're almost nowhere. >> jennifer: of course, they're respond together president having put out a plan to solve the fiscal cliff. do you think...
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fiscal cliff is everywhere. thank you so much. brian shactman. >>> it is not a doung grade to a specific company but downgrade to the european stability mechanism. what is that? that is this big body through which europe borrows bonds. you can see it trading down against the dollar. it means it is more expensive for europe to borrow. not what we need right now. >>> up next, is the u.s. turning to france? a french minister says the u.s. is franchising industry. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. plus get up to $600 if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they
fiscal cliff is everywhere. thank you so much. brian shactman. >>> it is not a doung grade to a specific company but downgrade to the european stability mechanism. what is that? that is this big body through which europe borrows bonds. you can see it trading down against the dollar. it means it is more expensive for europe to borrow. not what we need right now. >>> up next, is the u.s. turning to france? a french minister says the u.s. is franchising industry. [ male announcer...
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called the fiscal split or the fiscal cliff because president obama's plan to avoid the fiscal cliff is not exactly flying with republicans. 32 days now count with me 32 tax rates soar, spending cuts automatically kick in and keep in mind there is a date that we're watching also before this, congress break for the holidays in all of 14 days. >> so to review the president's plan calls for $1.6 trillion in tax hikes, $50 billion in new stimulus spending, and $400 billion in unspecified cuts. the president for himself he's heading to a manufacturing plant in pennsylvania today to try to sell that idea. house speaker john boehner's reaction was essentially, get serious. so we want to talk about the numbers behind this. we're going to bring in ken rogoff, professor of economics and public policy at harvard university. you heard the specifics of the plan, $1.6 trillion in new taxes, $400 billion in unspecified cuts, $50 billion in new stimulus. how does this sound to you? >> well, it certainly sounds like a plan. and i do think we have to see some mix of higher revenues starting now and fr
called the fiscal split or the fiscal cliff because president obama's plan to avoid the fiscal cliff is not exactly flying with republicans. 32 days now count with me 32 tax rates soar, spending cuts automatically kick in and keep in mind there is a date that we're watching also before this, congress break for the holidays in all of 14 days. >> so to review the president's plan calls for $1.6 trillion in tax hikes, $50 billion in new stimulus spending, and $400 billion in unspecified...
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cliff now and they're calling it the fiscal cliff because they don't want to e embrace either the tax increases or spending cuts and i think it's foolish to think this congress can come up with a better deal. >> you know what's interesting, to eric's point, there is a great irony in this that the democrats are saying we've got to raise taxes and the fiscal cliff does both. just not in the way anybody wants it, so if they can't do that, how are they going to find a way they can all agree on? >> the superfailed committee. this is a giant hatchet as opposed to a scalpel. >> it was designed to fail. >> i agree, but the real solution and real irony is going to be the ultimate deal's going to look like the obama boehner grand bargain that was negotiated and almost done in the summer of 2011. the fact that we couldn't make that deal then i think's a tragedy for the country. one of the thing's it did was lead to that aaa downgrading. that was unnecessary. >> let me just follow up on this point of what republicans should accept. you said you'd go back to the clinton era tax rates if you could
cliff now and they're calling it the fiscal cliff because they don't want to e embrace either the tax increases or spending cuts and i think it's foolish to think this congress can come up with a better deal. >> you know what's interesting, to eric's point, there is a great irony in this that the democrats are saying we've got to raise taxes and the fiscal cliff does both. just not in the way anybody wants it, so if they can't do that, how are they going to find a way they can all agree...
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you talk about the greek fiscal cliff. we have our own and people here say we could be the next greece. how does that make you feel when you hear that kind of talk from american politicians, american business people, american citizens? >> extremely worrisome because you represent 25% of the global economy whereas greece, which wasn't the cause of the european crisis, only represents 2% of the european gdp. so if you guys were to actually have such deep problems, then it would mean problems for everyone globally and no one would want that. i'm sure that you'll be able to find the right solution by the end of december. >> let us hope. mr. michalos, thank you very much. sue? >>> thank you, ty. two big winners in that $587 million record powerball lottery. but how much do you really need to earn to make you happy? the answer may surprise you. >>> and before you fill up your tank with gas, listen up. aaa is warning regulators to stop sales of a certain type of fuel at the pump because it could damage your car and void your car
you talk about the greek fiscal cliff. we have our own and people here say we could be the next greece. how does that make you feel when you hear that kind of talk from american politicians, american business people, american citizens? >> extremely worrisome because you represent 25% of the global economy whereas greece, which wasn't the cause of the european crisis, only represents 2% of the european gdp. so if you guys were to actually have such deep problems, then it would mean...
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fiscal cliff hardball. should the president be on the road or back in washington hammering out a fiscal cliff compromise? tweet me @thomasaroberts or on facebook. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. [ phillips' lady ] live the regular life. an intense burning sensation i woke up with this horrible rash on my right side. like somebody had set it o
fiscal cliff hardball. should the president be on the road or back in washington hammering out a fiscal cliff compromise? tweet me @thomasaroberts or on facebook. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[...
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as the clock ticks down to the fiscal cliff, might lieutenant biden help avert disaster? sam, you talked to republican on the hill and there's a lot of back and forth about how good of a negotiator the president and his emissaries are. i've been wondering where joe biden is on this, given his experience on the hill and whether he might be a more effective ambassador in this back and forth that we are having. >> yeah. i think so. keep in mind, he and eric cantor had lengthy conversations when we were doing this in a different incarnation many months ago and so, you know, the framework was there between these two guys, not just that, between the respective staffs. the problem, if there was one with respect to biden, at least as i think, is that the -- if you do need an emissary on the hill for democrats, it's probably going to be with the house democratic caucus. by that i mean john boehner will at some point have to decide if he can get something done with all of his caucus or part of his caucus or house democrats. at that point you need nancy pelosi to get some of those l
as the clock ticks down to the fiscal cliff, might lieutenant biden help avert disaster? sam, you talked to republican on the hill and there's a lot of back and forth about how good of a negotiator the president and his emissaries are. i've been wondering where joe biden is on this, given his experience on the hill and whether he might be a more effective ambassador in this back and forth that we are having. >> yeah. i think so. keep in mind, he and eric cantor had lengthy conversations...
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going over the fiscal cliff is serious business. i am here seriously trying to resolve it and i would hope the white house would get serious as well. >> based on the meeting with secretary geithner or your phone call with president obama 09 -- obama side, can you tell us something about that phone call? >> we had a very nice conversation last night. it was direct and straightforward. but the assessment i give you today would be a product of both of those conversations. >> how much would you be open to the idea of discretionary spending cuts as far as a down payment to get to a long-range solution on entitlements? >> there are a lot of options on the table, including that one. >> you are acknowledging that there will. >> the day after the election, i came here and i made it clear that republicans would put revenue on the table as a way to begin to move the process to get this resolved. >> right, so my question is what message do you have for people who are in the negotiating position or believe that it is inevitable that you have to
going over the fiscal cliff is serious business. i am here seriously trying to resolve it and i would hope the white house would get serious as well. >> based on the meeting with secretary geithner or your phone call with president obama 09 -- obama side, can you tell us something about that phone call? >> we had a very nice conversation last night. it was direct and straightforward. but the assessment i give you today would be a product of both of those conversations. >> how...
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much of this week was dominated by the looming fiscal cliff. we've heard a lot of talk, a little progress, and several signs that this debate may go up to the last minute. >> i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> no pledge taker has voted for a tax increase. >> times have changed significantly and i care more about this country than i do about a 20-year-old pledge. >> we would certainly highlight who has kept their commitment and who hasn't. >> if the president's willing to accept 80% of the bush tax cuts for 98% of the american people, and make them permanent, i think that is a point we should agree on. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> time for the president, congressional democrats to tell the american people what spending cuts they're really willing to make. >> the president has made his proposal. we need a proposal from them. >> those are the highlights. let's brin
much of this week was dominated by the looming fiscal cliff. we've heard a lot of talk, a little progress, and several signs that this debate may go up to the last minute. >> i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> no pledge taker has voted for a tax increase. >> times have changed significantly and i care more about this country than i do about a 20-year-old pledge. >> we would certainly...
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i'm calling concerning the fiscal cliff. i was wondering -- funding is going to be cut off such as unemployment. i'd like to know where do it stand and what is it being done? host: an update this morning on the former president george h.w. bush this according to reports out of houston saying he was in the hospital thursday for treatment of a lingering cough. he is 88 years old and has been in and out of the hospital recently because of complications due to wrongitis. they say expect the president to be released on saturday. he has been under hospital care for nearly a week. this is the republican line. hello? steve? good morning. caller: yes. good morning. pedro, off question and comment. one problem is -- completely out of control. and they continue to -- don't want to touch -- in this country. because the prices of the medical are too -- government -- i don't want to -- medicare, keep complaining about -- and because the hospital -- and they never contribute that much noun medicare. and they put all the money they could to
i'm calling concerning the fiscal cliff. i was wondering -- funding is going to be cut off such as unemployment. i'd like to know where do it stand and what is it being done? host: an update this morning on the former president george h.w. bush this according to reports out of houston saying he was in the hospital thursday for treatment of a lingering cough. he is 88 years old and has been in and out of the hospital recently because of complications due to wrongitis. they say expect the...
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fiscal cliff. >> it's fiscally center. i don't know if it's center right. >> martin, what's happening around the globe in terms of you're talking about -- >> i wish i knew because it's very mucky. it's tough. and i think clients have actually gone from looking -- >> i'm looking up the same thing. >> clients have gone from looking at annual for quarterly. i think we saw in september really rapid adjustments by clipts clients. july and august were okay. september was tough. october was better than we thought. but it's very uncertain. they're finding it very difficult to predict consumer behavior in the short term. >> and as a result they're pulling back? >> as a result they're being very cautious. so while you have the fiddling this washington and we saw that in the summer of 2011, exactly the same situation -- >> do you blame this on the fiscal cliff in part? >> it's part of it. we talk about four gray swans, eurozone, middle east, china, hard/soft landing, definitely soft in our view, and last but not least what's going on
fiscal cliff. >> it's fiscally center. i don't know if it's center right. >> martin, what's happening around the globe in terms of you're talking about -- >> i wish i knew because it's very mucky. it's tough. and i think clients have actually gone from looking -- >> i'm looking up the same thing. >> clients have gone from looking at annual for quarterly. i think we saw in september really rapid adjustments by clipts clients. july and august were okay. september was...
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. >> eliot: for more on the fiscal cliff negotiations and today's confrontation, let's go to michael tomasky political correspondent. michael, this constitutes high drama by washington standards. any surprise that the president's proposal was outright rejected by speaker boehner? it was an "in your face" proposal to him. >> it was. i'm not surprised. i don't think any of us are surprised it was rejected. i think we're a little surprised, maybe a lot surprised it was put forward in the first place. this is really different. barack obama, this is a really different negotiating posture and position that he is starting from. if we look back to that horrible debt ceiling fiasco from last summer in 2011, i think we all remember how bleak that was that obama started his negotiating position really from a place that met the republicans more than halfway so he was going to be bound to end up meeting them in the final analysis. which is what happened. it was demoralizing. now, after re-election, he has been obviously very embowdenned. he's put forth something -- it is clear they won't accept i
. >> eliot: for more on the fiscal cliff negotiations and today's confrontation, let's go to michael tomasky political correspondent. michael, this constitutes high drama by washington standards. any surprise that the president's proposal was outright rejected by speaker boehner? it was an "in your face" proposal to him. >> it was. i'm not surprised. i don't think any of us are surprised it was rejected. i think we're a little surprised, maybe a lot surprised it was put...
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president obama giving his pitch for the fiscal cliff. when will the rhetoric give way to a real action on our debt crisis. juan williams on when a deal can happen. melissa: how would you like to pay more at the pump? we have the new talk about raising the gas tax. what a great idea. lori: i love paying over four dollars a gallon. washington not the only one that cannot get a deal done. entering day 76. its small business that is really on then ice. melissa: time now for stocks as we do every 15 minutes. lauren simonetti. washington is playing politics over the fiscal cliff. we are near session lows right now. >> 11 points away from session lows. the dow is clinging onto that level right now. consumer discretionary is your best performing sector this month. it is lower today, as is technology. the s&p 500 trying to hang onto a monthly gain. not sure if we can do it. certainly higher for the week and nasdaq higher for the both of them. a two-day chart of yelled is really interesting. they expect fourth-quarter sales in china to decline. lo
president obama giving his pitch for the fiscal cliff. when will the rhetoric give way to a real action on our debt crisis. juan williams on when a deal can happen. melissa: how would you like to pay more at the pump? we have the new talk about raising the gas tax. what a great idea. lori: i love paying over four dollars a gallon. washington not the only one that cannot get a deal done. entering day 76. its small business that is really on then ice. melissa: time now for stocks as we do every...
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my view is there is no fiscal cliff or debt cliff. there is a political cliff and he wants to push the republicans off. the debate is how much do republicans will surrender and then get blamed by their party or how much they won't surrender and get blamed for a recession. i have to say for president obama as bad as it looks it may be a winning hand. >> he's certainly playing the hand of someone who as he said in his press conference won the election. there is no compromise here. i think there is a fiscal cliff and there is a political cliff. the president has the upper hand. taxes go up in the way his base want on wealthy people and what he wants to do is say if you don't go along with me you republicans are responsible for raising taxes on the middle class and will be responsible for the recession that's almost certain to come. >> there is no serious debating over avoiding the fiscal cliff. it's a political fight. this is a democratic party that hasn't passed a budget in years. the press corps is on the same page. everyone is asking
my view is there is no fiscal cliff or debt cliff. there is a political cliff and he wants to push the republicans off. the debate is how much do republicans will surrender and then get blamed by their party or how much they won't surrender and get blamed for a recession. i have to say for president obama as bad as it looks it may be a winning hand. >> he's certainly playing the hand of someone who as he said in his press conference won the election. there is no compromise here. i think...
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he said there is no fiscal cliff. it's absolute total nonsense. he's obviously-- >> crazy. >> stephanie: the first guy you want advice from. the guy who shut the government down, do you remember? then they lost in landslides because of that guy there. okay dan in chicago. hi dan. hello dan. dan, dan, going once, how about garth in washington. hi garth. >> caller: hi, stephanie how are you today? >> stephanie: good, go ahead. >> caller: i'm a boy here in washington, and we're going over this cliff, but i think the cliff was passed a long time ago. what is wrong with the flat tax where everybody paid the same. i don't know enough about it, but nobody speaks of that. also-- >> stephanie: you're talking about the steve forbes, he's the one who brings that up every year. i know it sounds simple. a lot of times things that sound simple are not necessarily the best idea. >> it would be well, it would take away all deductions. like owning homes and stuff like that. and it would be really, really unfair to poorer people who can't afford to pay 10% or whate
he said there is no fiscal cliff. it's absolute total nonsense. he's obviously-- >> crazy. >> stephanie: the first guy you want advice from. the guy who shut the government down, do you remember? then they lost in landslides because of that guy there. okay dan in chicago. hi dan. hello dan. dan, dan, going once, how about garth in washington. hi garth. >> caller: hi, stephanie how are you today? >> stephanie: good, go ahead. >> caller: i'm a boy here in washington,...
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cliff, or fiscal cliff 1.0. tax cuts were about to expire. the democrats did not want to extend all of the tax cuts. harry reid was trying to create an impression that it was the time that republicans were obstructing the process, obstructing what the democrats wanted to do. what he was trying to do was set the agenda and create an environment so he could win politically. he set up after this quotation a rare weekend session in the senate where he had two votes . no republican amendments were allowed, and he showed republicans were obstructionists and would not go along with what he thought was good for the country. this was a ploy designed to shift attention from the democrats' ability to go along with what republicans wanted to do to republican saying they did not want to do what democrats wanted to do. he was seeking to control the agenda. that is the real issue here. there are times when minorities of both parties will obstruct the majority because they need or want to. the real issue in the debate today is
cliff, or fiscal cliff 1.0. tax cuts were about to expire. the democrats did not want to extend all of the tax cuts. harry reid was trying to create an impression that it was the time that republicans were obstructing the process, obstructing what the democrats wanted to do. what he was trying to do was set the agenda and create an environment so he could win politically. he set up after this quotation a rare weekend session in the senate where he had two votes . no republican amendments were...
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fiscal cliff talks going nowhere. the president hits the road today selling a plan that includes $1.6 trillion in tax hikes and $50 billion in stimulus spending. you can imagine what republicans thought about that. they are balking at the very least. house speaker john boehner telling reporters the president needs to, quote, get serious on spending cuts. out of nowhere the earth collapsed. a giant sinkhole has developed near dover, ohio, south of cleveland. local residents cannot believe their eyes by how big this thing is. it happened wednesday afternoon. taking part of a two-lane highway down with it. fortunately no one's been injured. >>> wow. exciting discovery on the planet mercury. ice. na nasa's messenger probe discovering frozen water. it's mostly found in deep craters that are always in the shadows. scientists believe the water almost certainly came from impacting comets or asteroids. >>> 30 years ago today, back in 1982, michael jackson released "thriller" an album that changed the music business and cemente
fiscal cliff talks going nowhere. the president hits the road today selling a plan that includes $1.6 trillion in tax hikes and $50 billion in stimulus spending. you can imagine what republicans thought about that. they are balking at the very least. house speaker john boehner telling reporters the president needs to, quote, get serious on spending cuts. out of nowhere the earth collapsed. a giant sinkhole has developed near dover, ohio, south of cleveland. local residents cannot believe their...
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before this sort of fiscal cliff scenario plays out. >> yeah, absolutely. and clearly neither side willing to give up any leverage before -- probably before they reach the eleventh hour. but president hour heading to pennsylvania today, he's taking his plan directly to voters. you know, earlier this week the white house encouraged americans to tweet about tax cuts. any sign the strategy's paying off? >> reporter: we haven't seen anything yet, but they do believe that that is a smart strategy. we saw that happen with payroll tax cuts before where they brought americans here to the white house who would be impacted by, you know, $40 less in their paycheck. they did it again this time, bringing middle-class americans here to the white house this week who say that they will be impacted to the tune of $2,200 more a year in taxes. so, they believe that going to the american people, using social media is an effective tool. so far we don't know how that's paid off for them. >> and clearly, a lot of americans wanting to see some sort of a deal so we can move ahead.
before this sort of fiscal cliff scenario plays out. >> yeah, absolutely. and clearly neither side willing to give up any leverage before -- probably before they reach the eleventh hour. but president hour heading to pennsylvania today, he's taking his plan directly to voters. you know, earlier this week the white house encouraged americans to tweet about tax cuts. any sign the strategy's paying off? >> reporter: we haven't seen anything yet, but they do believe that that is a smart...
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he is pushing his plan to avoid the fiscal cliff. is he standing firm on raising taxes for the wealthiest americans. want to bring in our chief white house correspondent jessica yell toin give us a breakdown of exactly what he has put on the table here because we know that both sides, they start off strong. they start off with the best offer they got, the strongest offer they got, and clearly, the republicans not quite happy about it. what is he offering? >> it's sort of a starting position from the white house. what secretary geithner laid out when he was visiting capitol hill yesterday was the headline $1.6 trillion in new taxes as part of their overall vision to increase those taxes for people making $250,000 more, but that also includes some changes to how much people can deduct, closing loopholes. increasing taxes for dividends and capital gains and some other things. then some other aspects of the wish list from the president. $50 billion in new stimulus spending next year, and then in return they would find $400 billion in cut
he is pushing his plan to avoid the fiscal cliff. is he standing firm on raising taxes for the wealthiest americans. want to bring in our chief white house correspondent jessica yell toin give us a breakdown of exactly what he has put on the table here because we know that both sides, they start off strong. they start off with the best offer they got, the strongest offer they got, and clearly, the republicans not quite happy about it. what is he offering? >> it's sort of a starting...
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he is in pennsylvania at the toy factory talking fiscal cliff. you're watching "the daily rundown" only on msnbc. [ emily jo ] derrell comes into starbucks with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring home to him and then just gave him a little bit of help finding his way. ♪ [ laughs ] [ applause ] i love you. i love you, too. side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] tell me about it. why am i not going anywhere? you don't believe hard enough. a smarter way to shop around. now that's progressive. call or click today. [ grunting ] >>> mitt romney made it to the oval office yesterday, but not quite in the way he'd envision ed it. the two former rivals talked for over an hour over white turkey chili
he is in pennsylvania at the toy factory talking fiscal cliff. you're watching "the daily rundown" only on msnbc. [ emily jo ] derrell comes into starbucks with his wife, danielle, almost every weekend. derrell hasn't been able to visit his mom back east in a long time. [ shirley ] things are sometimes a little tight around the house. i wasn't able to go to the wedding. [ emily jo ] since derrell couldn't get home, we decided to bring home to him and then just gave him a little bit of...
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people are talking about the fiscal cliff on january 1. let's give businesses the service. their employees can pass the middle income tax cut now. >> i would like to add that basarah were sar participants in the discussion. when they went to the table as representatives of the house democrats, the next -- no instructions except to reach an agreement. the overriding value was to get the jobs done for the american people. the only thing i said i wanted to say was jobs and economic growth would be the centerpiece of the discussion. whatever decisions we would unmake as far as cuts and revenue or raising them with center around how we create jobs. that is how we will reduce the deficit by creating jobs. every time we came to the idea of bold balance, the rivet a question was the hurdle and it is still does. we cannot get there from here in terms of deficit reduction. you can grow your way he to there, but you have to have the revenue as a confidence-building that we are responsible. we will get the job done. he had ended their meeting to go to so he is not here with us now. why
people are talking about the fiscal cliff on january 1. let's give businesses the service. their employees can pass the middle income tax cut now. >> i would like to add that basarah were sar participants in the discussion. when they went to the table as representatives of the house democrats, the next -- no instructions except to reach an agreement. the overriding value was to get the jobs done for the american people. the only thing i said i wanted to say was jobs and economic growth...
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says white house offer on fiscal cliff is unbalanced. bret, tell me i'm wrong here, it seems like the media is setting unto blame the republican for this outrageous offer from the president, go. >> what's the offer? what? >> a massive tax increase, no entitlement reform and no restraint on borrowing. now, there's an offer. >> in other words, in other words, there's no plan. this should be a story that the whole debate has been going on for two years about having a package of spending cuts to go along with the package of tax increases. and now, we've got the senate saying, that the one problem, entitlements is now off the table, and meaning they're no longer serious and the white house saying we don't have plans to cut anything. in other words, there is no plan. that should be the story. and just like, stuart, the entirety of 2012 campaign. nobody brought up that the barack obama didn't have a plan the entire-- it's mind-boggling. stuart: i'm looking at the so-called offer, if implemented would put mesh-- measured america straight into re
says white house offer on fiscal cliff is unbalanced. bret, tell me i'm wrong here, it seems like the media is setting unto blame the republican for this outrageous offer from the president, go. >> what's the offer? what? >> a massive tax increase, no entitlement reform and no restraint on borrowing. now, there's an offer. >> in other words, in other words, there's no plan. this should be a story that the whole debate has been going on for two years about having a package of...
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the fiscal cliff. the president heads to a pennsylvania toy factory pressing his case for a proposal that actually leaked last night seeking 1.6 trillion in tax hikes. republicans in morning balking and cliff fears prompt another company to issue a dividend and it's whole foods. >> owner of taco bell, kfc, have warned that sales hit the skids. the shares yesterday hit a fresh high. >>> facebook unlikes zynga. zynga shares are plummeting this morning on the news. >>> never an ego boost for the ceo when the stock falls on the news that he's keeping his job. that's exactly what's happening with groupon as the board keeps andrew mason. >>> the president heading to a pennsylvania factory this morning. republicans have given a thumbs down to the president's plan which includes a $1.6 trillion tax increase, 50 billion in infrastructure spending for next year and limited entitlements cuts. more companies issue special dividends. whole foods will pay $2 a share. kbw yesterday. what's more interesting to you, ji
the fiscal cliff. the president heads to a pennsylvania toy factory pressing his case for a proposal that actually leaked last night seeking 1.6 trillion in tax hikes. republicans in morning balking and cliff fears prompt another company to issue a dividend and it's whole foods. >> owner of taco bell, kfc, have warned that sales hit the skids. the shares yesterday hit a fresh high. >>> facebook unlikes zynga. zynga shares are plummeting this morning on the news. >>>...
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first and foremost is the resolution to the so-called fiscal cliff. we are also waiting action from the senate on items like the annual defense and intelligence authorization bills and extension of fisa, and others. negotiations on these and many other issues will continue regardless of the daily legislative business of the house, and members are advised that we will not adjourn the 112th congress until a credible solution has been found that meets these challenges. finally, mr. speaker, the 2013 house calendar is now publicly available at majority leader. gov. the house will convene the 113th congress at noon on january 3 and we will be in session for a total of 126 days. i thank the gentleman and yield back. mr. hoyer: i thank the gentleman for his comments. i appreciate his observation with reference to a number of pieces of legislation that are pending. and as he mentions in his comments, the fiscal cliff, of course, is of concern not only to us but the entire country. the negotiations as the majority leader points out are ongoing and hopefully wi
first and foremost is the resolution to the so-called fiscal cliff. we are also waiting action from the senate on items like the annual defense and intelligence authorization bills and extension of fisa, and others. negotiations on these and many other issues will continue regardless of the daily legislative business of the house, and members are advised that we will not adjourn the 112th congress until a credible solution has been found that meets these challenges. finally, mr. speaker, the...